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H.R. 8485 117th Congress House

Expanding Access to Credit through Consumer-Permissioned Data Act

Official title: To amend the Equal Credit Opportunity Act to require creditors to consider certain additional credit information when making mortgage loans, and for other purposes.

Introduced: July 26, 2022 Introduced by: Nikema Williams Democratic · Georgia See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresConsumer Financial Protection BureauConsumer affairsConsumer creditHousing finance and home ownership
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 27, 2022
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.
Jul 27, 2022
Committee Consideration and Mark-up Session Held.
Jul 22, 2022
Referred to the House Committee on Financial Services.
Jul 22, 2022
Introduced in House
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 Latest action July 27, 2022

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 23.

 Plain-English summary Congressional Research Service

Expanding Access to Credit through Consumer-Permissioned Data Act

This bill requires the consideration of additional credit information by a mortgage lender when evaluating a consumer's creditworthiness if a consumer requests that this information be considered. This additional information includes current payment and transaction information such as bank statements and rental payment history.

Mortgage lenders must provide notice to mortgage applicants of their rights under this bill.

Additionally, federal agencies that insure, guarantee, supplement, assist, or underwrite federally backed mortgage loans must also comply with these requirements.

 Related & companion bills 1
  • HR 2543 Financial Services Racial Equity, Inclusion, and Economic Justice Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 9
D
Garcia, Sylvia R.
Texas · Jul 27, 2022
 D
Adams, Alma S.
North Carolina · Jul 26, 2022
 D
Dean, Madeleine
Pennsylvania · Jul 26, 2022
 D
García, Jesús G. "Chuy"
Illinois · Jul 26, 2022
 D
Green, Al
Texas · Jul 26, 2022
 D
Lynch, Stephen F.
Massachusetts · Jul 26, 2022
 D
Norton, Eleanor Holmes
District of Columbia · Jul 26, 2022
 D
Sherman, Brad
California · Jul 26, 2022
 D
Torres, Ritchie
New York · Jul 26, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 8485: Expanding Access to Credit through Consumer-Permissioned Data Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-8485/
MLA
"H.R. 8485: Expanding Access to Credit through Consumer-Permissioned Data Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-8485/.
Bluebook (legal)
H.R. 8485, 117th Cong. (2026), https://openamerica.io/bill/117-HR-8485/.
Markdown link
[H.R. 8485: Expanding Access to Credit through Consumer-Permissioned Data Act](https://openamerica.io/bill/117-HR-8485/)
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